(CNBC) — Stocks closed higher on Monday, led by energy, following the second presidential debate while investors digested a rise in oil prices.
“It’s a quiet day,” said Craig Sterling, head of U.S. equity research at Pioneer Investments. “Putin came out earlier and was more constructive on energy and that was it.” “I don’t expect a lot more until we get more macro news,” he said.
The Dow Jones industrial average rose about 88 points, with Apple and Boeing contributing the most gains, after gaining 159.47 points at session highs.
“You have more clarity from the U.S. election, with the uncertainty from that heading lower; you’ve got less uncertainty from OPEC, and that’s bullish for stocks,” said Adam Sarhan, CEO of Sarhan Capital.
